Abu Dhabi 21-08-2019 Abu Dhabi National Energy Company (TAQA) announced that TAQA Atrush BV (TAQA Iraq) has set a new record for its production from the Atrush oil field in the Kurdistan Region of Iraq, as it is the first time since the start of production operations in the field …
Read More »Dubai Chamber showcases the emirate’s competitive advantages at the 2019 Botswana World Expo
Dubai 21-08-2019 Dubai Chamber of Commerce and Industry (DCCI) reviewed the economic scene in Dubai during its participation through its representative office in Mozambique at the Botswana World Trade Fair 2019, organized by the Botswana Trade Investment Center recently with the participation of 241 exhibitors from 13 countries including 96 …
Read More »Finance announces the amendment of the Cabinet decision on selective goods and the tax rates imposed on them
Dubai 21-08-2019 The Ministry of Finance announced the details of the amendment of the Council of Ministers Resolution No. / 38/2017 on selective commodities and tax rates imposed on them and how to calculate the selective price in addition to goods currently subject to selective tax / ie tobacco products, …
Read More »Rupai Credit Card Launched in UAE during Indian Prime Minister’s Visit
Abu Dhabi 21-08-2019 The Ambassador of the Republic of India to the UAE has announced the launch of the RuPay Card – the local Indian version of credit cards – in the UAE, in conjunction with the upcoming visit to India by Prime Minister Narendra Modi. The Indian ambassador, in …
Read More »25 Million Revenues from Land Fees Revenue for North Riyadh Housing Project
Riyadh 20 -8-2019 SPA The “White Lands” program of the Ministry of Housing revealed that the second installment amounting to SR 25 million was completed to complete the implementation and delivery of infrastructure services in the housing project west of the airport in Riyadh, indicating that this amount is part …
Read More »Saudi Arabia warns against dealing in virtual currencies
Riyadh 20-08-2019 Saudi Arabia has warned against dealing or investing in virtual currencies, including cryptocurrencies, as they are outside the scope of the regulatory umbrella and are not traded by authorized persons in the Kingdom. The Ministry of Finance, in a statement broadcast by the Saudi Press Agency today, that …
Read More »Emirates expects record numbers of arrivals until early September
Dubai 20-08-2019 Emirates is poised to receive record numbers of passengers returning to Dubai after the summer holidays and Eid Al Adha holidays. According to the record bookings, the expected number of passengers arriving on the airline flights between August 20 and early September will exceed half a million non-transit …
Read More »DEWA is the host sponsor of the World Energy Conference
Dubai 20-08-2019 HE Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said: “We are delighted that DEWA is participating in the 24th World Energy Congress. The conference underscores the UAE’s position as the ideal platform to host the world’s largest, oldest and most influential energy conference. The World …
Read More »The Cabinet adopts a resolution with the aim of promoting public health in the community and reducing harmful habits
Abu Dhabi 20-08-2019 The Cabinet adopted a decision to reduce the consumption of sugary drinks and smoking products by adding a number of products to the selective tax list and applying them to these products starting from January 1, 2020, within the framework of the government’s direction to preserve public …
Read More »Harvard International Development: Egypt’s economic growth averages 6.8% to 2027
Cairo 19-08-2019 / WAM The Harvard Foundation for International Development predicted that the Egyptian economy will grow by an average of 6.8% annually until 2027 to become one of the fastest growing economies in the world. A project report reviewed by Egyptian Prime Minister Mostafa Madbouly pointed out that these …
Read More »